- Proteomics International (PIQ) has received firm commitments to undertake a $6 million share placement
- 12.5 million shares will issued to sophisticated and professional investors at 48 cents each
- Additionally, the company will issue 2.2 million options to Euroz Hartleys Securities and Candour Advisory
- These options will have an exercise price of 75 cents with expiry two years after issue
- Proteomics will also use the funds to manufacture, market, and speed-up regulatory approvals for its PromarkerD test and strengthen its balance sheet
- Proteomics is up 9 per cent on the market with shares trading for 60 cents each
